Runnymede Capital Advisors Inc. Takes Position in Renaissance IPO ETF (NYSEARCA:IPO)

Runnymede Capital Advisors Inc. acquired a new stake in Renaissance IPO ETF (NYSEARCA:IPO) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,511 shares of the company’s stock, valued at approximately $66,000.

Other hedge funds also recently modified their holdings of the company. PFG Investments LLC increased its stake in Renaissance IPO ETF by 11.1% during the 4th quarter. PFG Investments LLC now owns 5,273 shares of the company’s stock valued at $230,000 after purchasing an additional 526 shares in the last quarter. HighTower Advisors LLC increased its stake in Renaissance IPO ETF by 11.5% during the 4th quarter. HighTower Advisors LLC now owns 6,050 shares of the company’s stock valued at $264,000 after purchasing an additional 624 shares in the last quarter. Twin Peaks Wealth Advisors LLC increased its stake in Renaissance IPO ETF by 11.9% during the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 6,320 shares of the company’s stock valued at $275,000 after purchasing an additional 673 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in Renaissance IPO ETF by 25.9% during the 4th quarter. Oppenheimer & Co. Inc. now owns 6,061 shares of the company’s stock valued at $264,000 after purchasing an additional 1,245 shares in the last quarter. Finally, Tradition Wealth Management LLC increased its stake in Renaissance IPO ETF by 1.0% during the 3rd quarter. Tradition Wealth Management LLC now owns 133,726 shares of the company’s stock valued at $5,734,000 after purchasing an additional 1,367 shares in the last quarter.

Renaissance IPO ETF Price Performance

IPO opened at $39.07 on Friday. The company has a market capitalization of $134.79 million, a price-to-earnings ratio of 21.14 and a beta of 1.32. The firm’s fifty day moving average price is $43.68 and its two-hundred day moving average price is $44.10. Renaissance IPO ETF has a 1 year low of $34.06 and a 1 year high of $48.23.

Renaissance IPO ETF Profile

The Renaissance IPO ETF (IPO) is an exchange-traded fund that is based on the FTSE Renaissance IPO index. The fund tracks a market cap-weighted index of recent US-listed IPOs. The fund acquires issues within 90 days or sooner after IPO and sells after 3 years. IPO was launched on Oct 14, 2013 and is managed by Renaissance.